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Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
The emergence of Dubai's lively real estate market was briefly checked by the global financial crisis of 2007–8, when Dubai was bailed out by Abu Dhabi. [31] The recovery from the overheated market led to tighter regulation and oversight and a more realistic market for real estate throughout the UAE with many 'on hold' projects restarting.
The city of Dubai is the second most prosperous emirate of the United Arab Emirates, after Abu Dhabi, and with a cosmopolitan population of 1.6 million. Dubai shares a range of characteristics with other tiger economies including a sustained double-digit GDP growth rate since 1994. In 2004 Dubai's GDP grew 17%, mostly in the non-oil sectors. [1]
Countries by total wealth, 2022 (2023 publication) National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities.
This article lists the countries of the Arab League sorted by their gross domestic product (GDP) at nominal values.GDP is the value of all final goods and services produced within a nation in a given year.
Real Housewives of Dubai. Dubai, the capital of the United Arab Emirates, is famously the home to some of the world's richest men and women. From Middle Eastern royalty to wealthy expats looking ...
Dubai Bling offers a glimpse into the dazzling lives of some of the City of Gold's richest residents. Dubai has earned a reputation as a hub of wealth and luxury — a status brought to life by ...
Hurun Global Rich List Cities (2024) [2] [3] Rank cities of residents Number of billionaires Country/Territory 1 New York: 119 United States: 2 London: 97 United Kingdom: 3 Mumbai: 92 India: 4 Beijing: 91 China: 5 Shanghai: 87 China: 6 Shenzhen: 84 China: 7 Hong Kong: 65 Hong Kong: 8 Moscow: 59 Russia: 9 New Delhi: 57 India: 10 San Francisco ...